The Top Easy Access Savings Discussion Area

Archi_Bald

TSB Enhance and Bank of Scotland Vantage are the same as Lloyds Vantage.

Middle_Sister

Archi_Bald wrote: »

TSB Enhance and Bank of Scotland Vantage are the same as Lloyds Vantage.

Used the 0203 284 1575 phone number and opened an Enhance account online. Took over 25 mins though.

typistretired

Middle_Sister wrote: »

My husband has 2 Lloyds Classic Vantage accounts, the ones paying 3% up to £5K. He has another £5K to invest and wants to open an ISA. I told him opening another Lloyds Classic Vantage account would be better. Am I right?

You do realise as a 40% tax payer he will only receive 1.8% interest after tax.

typistretired

Middle_Sister wrote: »

Lloyds wont let him open another account as he has 2 in his name and a joint one with me. Will look into opening a Yorkshire Bank 4% account as he just doesnt have the patience to bother with the Nationwide one.

He would get 3% after 40% tax on the Nationwide flexdirect account it is easy to open online.

Middle_Sister

typistretired wrote: »

You do realise as a 40% tax payer he will only receive 1.8% interest after tax.

Yes, sorry. It was actually me that opened the TSB Enhance account. We decided an ISA was the way to go but the rates are so low. Looks like a 3 year fix with Halifax at 2.5%.

Middle_Sister

typistretired wrote: »

He would get 3% after 40% tax on the Nationwide flexdirect account it is easy to open online.

Nope, he's too lazy to open one online or on the phone. I have to do all the legwork and even then he picks the simplest one to operate. I have suggested I could operate it for him but "no" he'd rather take the easy way out and lose the interest. Oh well. That's up to him but I'm going to nag him senseless - just cos I can.

dab43

Anybody had dealings with Yes Bank in India offering 7 per cent ?.

Archi_Bald

For sterling deposits?

Do you know what the current inflation rate is in India? Last I heard was about 14%.

N1AK

deepdale56 wrote: »

The MSE website has consistently understated the net benefits of this Santander account.

We've just got the one account, primarily because we don't want to keep all our money in a taxed savings account (what the 123 account effectively is). I suppose if I was saving/investing >£150k then I'd probably want to keep more in instant access cash and having more would be useful.

DougWeller

deepdale56 wrote: »

The MSE website has consistently understated the net benefits of this Santander account. My wife and I have three of these accounts, one joint and two individual. We also have one joint account with another bank. Six standing orders (3 x £500 both ways) created and two direct debits transferred to each Santander account (eg TV Licence, Council Tax, Energy, Mobile, etc) took less than an hour to set up on line. What we now have, in effect, is three instant access savings accounts paying 3% interest on a total of £60,000 savings. The online banking facility is excellent, being particularly easy to transfer money between the accounts to maintain the £20,000 per account..

I'm not sure I understand this. 6 standing orders, 4 banks, 3 of them Santander. How does this actually work - is it one lot of £500 moving around and if so what's the route? Thanks.